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PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE
BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE
IS ASSIGNED TO LAND.
WHAT WILL BE THE JOURNAL ENTRY

Question Posted / aleem.f

Answers were Sorted based on User's Feedback



PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMI..

Answer / syed aqeel ahmed

building A/c Dr 110000
land A/C Dr 40000 To

Cash A/c 150000 Cr

Both are fixed Asset For the Company.

Is This Answer Correct ?    19 Yes 0 No

PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMI..

Answer / shiv sharma

Building A/c Dr. 1,10,000
Land A/c Dr. 40,000
To Cash A/c. Cr 1,50,000

Is This Answer Correct ?    6 Yes 0 No

PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMI..

Answer / bhupender singh

BUILDING A\C Dr. 1,10,000
LOSS ON PURCHASE Dr. 40,000
TO CASH 1,50,000

(BEING PURCHASE BUILDING ON CASH)

Is This Answer Correct ?    4 Yes 4 No

PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMI..

Answer / ajay singh

BUILDING A/C ----DR Rs. 110000
TO CASH Rs. 110000

LAND A/C ---- DR Rs. 40,000

TO SUNDRY CREDITOR Rs. 40,000

Is This Answer Correct ?    0 Yes 4 No

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